IBM
C2020-605 · Question #54
What is the difference between currency conversion codes I and C?
The correct answer is C. Code I calculates opening balance rate, code C copies the opening balance amount. See the full explanation below for the reasoning.
Question
What is the difference between currency conversion codes I and C?
Options
- ACode I uses no currency conversion for the opening balance; code C copies prior year's average
- BCode C copies prior year's average rate for opening balance; code I calculates prior year's
- CCode I calculates opening balance rate, code C copies the opening balance amount.
- DCode C copies prior year's average rate; code I uses prior year's closing rate for opening balance.
How the community answered
(18 responses)- A6% (1)
- B6% (1)
- C72% (13)
- D17% (3)
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